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LOGITECH INTERNATIONAL S.A.

LOGI · Technology · FY2026 filings · Narrow moat ·

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The five investor questions

51

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $5.5B to $4.8B, decreasing; diluted EPS 3.78 to 4.80, increasing.

63

Median gross margin 39.6% over 10y, very stable.

100

Median ROIC 62.9%, above the 12% hurdle in 100% of years.

100

Net cash position — no leverage risk.

20

Owner earnings changed -5.3%/yr over up to the ten most recent annual observations, share count n/a.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
$655M
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$105.78
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

19 years of fundamentals

The business, in plain English

LOGITECH INTERNATIONAL S.A. booked $4.8B of revenue in FY2026 in the Technology sector and kept 43.2% of it as gross profit — a solid-margin business by that measure. After every other cost, 14.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $2.2B (FY2009) to $4.8B (FY2026) — about 4.7% a year compounded over 17 years.

It earned 142.0% on invested capital in the latest filed year, FY2026. Across the full 18-year measurable filed record, median ROIC was 47.1%. Over the v3 recent window (10 measurable filed years), median ROIC was 62.9%. The Returns on Capital filter above scores it 100/100.

LOGI's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Returns on Capital is the strongest of the five filters (100/100) and Capital Allocation the weakest (20/100), which is how LOGI lands at 67/100 — a Narrow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2008–FY2026 · 19 fiscal years, normalized from LOGI’s SEC filings

Sales, as filed$4.8B FY2026
$0$2B$4B2008201420202026
Revenue kept after cost of goods43.2% FY2026
0%20%40%2008201420202026
Standard ROIC or separately labeled Operating ROICROIC 142.0% FY2026
0%100%200%2008201420202026
Cash an owner could take out$727M FY2026
$0$500M$1B2008201420202026

Gaps in a line mean that item isn’t in LOGI’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How LOGITECH INTERNATIONAL S.A. makes its money

LOGITECH INTERNATIONAL S.A.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$4.8B100%
$2.1B43%
$775M16%
Income before tax$827M17%
Income tax$115M2%
$711M15%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What LOGITECH INTERNATIONAL S.A. owns — and owes

LOGITECH INTERNATIONAL S.A.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$3.8B100%
Cash and equivalents$1.7B45%
Stockholders’ equity$2.2B57%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives LOGITECH INTERNATIONAL S.A.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity33%Tax burden86%net income ÷ pretax incomeInterest burden107%pretax ÷ operating incomeOperating margin16%operating income ÷ revenueAsset turnover1.31×revenue ÷ average assetsEquity multiplier1.70×average assets ÷ average equityAs of 2026-03-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$711MFY2026
Income before tax$827MFY2026
Operating income$775MFY2026
$4.8BFY2026
Ending assets$3.8BFY2026
Beginning assets$3.5BFY2025
$2.2BFY2026
$2.1BFY2025
Source:
  • SEC filingFiling detailsAccession 0001032975-26-000021
· event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where LOGITECH INTERNATIONAL S.A.'s cash went

LOGITECH INTERNATIONAL S.A.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$1.0B100%
Depreciation and amortization$77.5M7%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding LOGITECH INTERNATIONAL S.A.

Delayed public 13F reports for 2026-Q1—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Markel / Markel-GaynerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source unavailable · event Mar 31, 2026 · retrieved Jul 26, 2026

Flagship explainer

What LOGITECH INTERNATIONAL S.A. insiders reported

Insider activity is unavailable from the source; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

16 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale66.8 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for LOGI.

Technology context

#131 of 744 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #129DSNY DESTINY MEDIA TECHNOLOGIES INC.67.0Narrow moat
  2. #130EGAN eGain Corporation66.9Narrow moat
  3. #132SEZL SEZZLE INC.66.6Narrow moat
  4. #133ADI Analog Devices, Inc.66.5Narrow moat

Compare LOGI with its nearest peers →All Technology companies on the Index →

Common questions about LOGI

Does LOGITECH INTERNATIONAL S.A. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores LOGITECH INTERNATIONAL S.A. (LOGI) 66.8 out of 100 — a Narrow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 51, pricing power 63, returns on capital 100, balance-sheet safety 100, capital allocation 20.
How has LOGI's Moat Score changed over time?
The record logs 16 readings since Jul 17, 2026; the latest reads 66.8 out of 100 (narrow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell LOGI. See the disclaimer.